Qualified foreign investors (QFIs) increased their stakes in 57 Tadawul-listed firms on Wednesday, June 27, while 47 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Middle East Paper Co. (MEPCO), National Medical Care Co. (Care) and Bupa Arabia for Cooperative Insurance Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in MEPCO by 0.17 percent, and in Care and Bupa Arabia by 0.08 percent, each.
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Top Five Stocks Where QFIs Increased Stakes |
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|
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
|
MEPCO |
1.74% |
1.91% |
+0.17% |
85,000 |
|
Care |
15.53% |
15.61% |
+0.08% |
35,880 |
|
Bupa Arabia |
43.93% |
44.01% |
+0.08% |
64,000 |
|
Aldrees |
1.91% |
1.96% |
+0.05% |
25,000 |
|
Anaam Holding |
0.89% |
0.94% |
+0.05% |
9,800 |
Meanwhile, The Mediterranean and Gulf Insurance and Reinsurance Co. (MedGulf) and Al Khaleej Training and Education Co. saw the highest stock sales by foreign investors, with QFIs offloading 4.39 and 0.66 percent of their holdings, respectively.
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Top Five Stocks Where QFIs Offloaded Stakes |
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|
Company |
Previous stake |
Current stake |
Variation |
Number of shares |
|
MedGulf |
10.60% |
6.21% |
(4.39%) |
1,756,000 |
|
Al Khaleej Training |
6.57% |
5.91% |
(0.66%) |
297,000 |
|
eXtra |
12.02% |
11.62% |
(0.40%) |
168,000 |
|
SAPTCO |
0.87% |
0.70% |
(0.17%) |
212,500 |
|
Al Rajhi Takaful |
8.44% |
8.29% |
(0.15%) |
60,000 |
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